Trump’s remarkable mess on electric vehicles: How he made them more expensive and harder to find just as he went to war on Iran

Within three months of the U.S. and Israeli strikes on Iran on Feb. 28, 2026, the average price of gasoline for American drivers climbed from US$2.94 to $4.35 a gallon . If there was ever a moment for Americans to switch to electric vehicles, this was it. From March to May 2026, in fact, sales of hybrid electric vehicles were 18% higher than over the same months in 2025. But sales of fully electric vehicles were 16% lower from March to May 2026 compared with the same months in 2025.

Source: Fortune Crypto